ANZ and BNZ profits show they can afford fair pay increase and keep staff in jobs

Finsec members’ goals to protect jobs and achieve fair pay increases got a boost this week with both the BNZ and ANZ National announcing profits.

Both banks announced half year profits in excess of $400 million. These results can be considered somewhat remarkable given the current economic crisis. The profit announcements are more evidence that there is no reason for either bank to cut any more jobs or freeze pay.

The banks are also drawing criticism for failing to pass on reductions to the OCR to customers. Only Westpac has dropped their rate so far.

Advertisements

0 Responses to “ANZ and BNZ profits show they can afford fair pay increase and keep staff in jobs”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




You can contact us at:

0800 FINSEC (0800 346 732)
union@finsec.org.nz
www.finsec.org.nz


Creative Commons License
Join Now 0800 FINSEC

RSS LabourStart – act now to help other workers

  • An error has occurred; the feed is probably down. Try again later.

Finsec Photos

Cathie Lendrum

Carl and Oliver

Westpac North East Valley, Dunedin

Westpac North East Valley, Dunedin

piggybank on leash

More Photos

Archives


%d bloggers like this: